The Virgin Islands Housing Finance Authority (VIHFA) received a $1,804,687 Community Development Block Grant (CDBG) award under CFDA 14.225 - Community Development Block Grants/Special Purpose Grants/Insular Areas program from the U.S. Department of Housing and Urban Development. This project grant will support VIHFA's efforts to develop viable urban communities in the U.S. Virgin Islands by providing decent housing, a suitable living environment, and expanding economic opportunities, primarily for low- and moderate-income residents. The grant funds may be used for a range of eligible activities such as housing rehabilitation, public infrastructure improvements, economic development initiatives, and disaster recovery efforts. As the designated state recipient for various HUD programs, VIHFA will manage and administer the grant award, potentially partnering with local government agencies and non-profit organizations to deliver community development projects across St. Thomas, St. Croix, and St. John. The award has an ultimate completion date of September 1, 2031.
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